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Updated about 8 years ago on . Most recent reply
Investing in Rochester, NY Buy and Hold Difficulties
Good Afternoon BiggerPockets Community,
Happy New Year! I am new to real estate investing, I have been diligently analyzing deals in Rochester, NY and I am having difficulty finding any deals that the "math works". High property/school taxes in A and B neighborhoods increase the monthly expenses above and beyond any positive cashflow. Even with a high initial equity it appears to me that its a bad investment. Here is an example that I hope you all might comment on and give me some feedback.
4 bedroom, 1 1/2 bath. 1876 sqft.
https://www.biggerpockets.com/calculators/shared/6...
Maybe I am putting in incorrect figures, but any help or comments would be very appreciated.
Thank you all for your time and effort.
Best Regards,
Shane
Most Popular Reply
Deals that make financial sense in the City of Rochester, NY are very hard to find and have been for the past year or more.